Real estate General topic

[paulsharvey]

Does your governor have a proposal on how to pay for schools and local infrastructure? There's no free lunch. Someone has to make up that lost 33% of revenue.

Not that ive heard. This would be 33% reduction, in 18% of the state tax stream, or a total of 6%. Not a lions share, but significant. I haven't heard a proposal on what they would tax to make up for it

 

[LouNY]

In my area we have separate tax bills and due dates for property taxes, County, Town and possibly Village.
Then in the fall there is a completely separate School Tax, for many homes and farms the school tax is much more then the property tax.
My County/Town tax is close to $2000, my School tax is just shy of $4000.

 

[WinterDeere]

Not that ive heard. This would be 33% reduction, in 18% of the state tax stream, or a total of 6%. Not a lions share, but significant. I haven't heard a proposal on what they would tax to make up for it

You'd think that those being potentially exempted in Florida, for their primary residence, are almost exactly the group making most use of the school system.

In my area we have separate tax bills and due dates for property taxes, County, Town and possibly Village.
Then in the fall there is a completely separate School Tax, for many homes and farms the school tax is much more then the property tax.
My County/Town tax is close to $2000, my School tax is just shy of $4000.

Same here. Fall tax bill is about 20%, basically just per capita and street lights (if you have them), whereas spring tax bill is the big one including school taxes.

 

[paulsharvey]

We get 1 tax bill, which includes County and School board, (and city if you live in city limits), all based on value, and the smaller per unit assessments for trash, water management, ect.

Im "assuming" the general plan is drop taxes on your homestead, and raise taxes on non-homestead properties, investment/rental/commercial?

 

[paulsharvey]

Did some brief reading; suggesting that there are 3 basic approaches;
A: increase sales tax from 6 to 10% (base state level, most counties have an additional 1% on top), and the state transfer that increase to the counties (BoCC and School board).
B: increase non-homestead property tax along with general fees increase to replace the revenue
C: only remove the County Commission half; continue School board half of the tax on homesteads, and make up for the BoCC (Board of County Commission) portion via A and/or B.

 

[two_bit_score]

Does your governor have a proposal on how to pay for schools and local infrastructure? There's no free lunch. Someone has to make up that lost 33% of revenue.

They can do exactly what taxpayers have to do when expenses go up and revenues don't. That is to CUT spending until you balance the budget. You drive that car a little longer, you stop eating out, you drop all unnecessary expense and 'tighten your belt'. There is so much waste, fraud and abuse in government spending from the national level down to the local level. "Make it up" by cutting whatever it takes out of the budget to get it balanced.

We have far too many leeches and too few taxpayers and some of us are fed up with being drained by the leeches.

 

[EscapedSuburbia]

They can do exactly what taxpayers have to do when expenses go up and revenues don't. That is to CUT spending until you balance the budget. You drive that car a little longer, you stop eating out, you drop all unnecessary expense and 'tighten your belt'. There is so much waste, fraud and abuse in government spending from the national level down to the local level. "Make it up" by cutting whatever it takes out of the budget to get it balanced.

We have far too many leeches and too few taxpayers and some of us are fed up with being drained by the leeches.

That's fine and I agree, but the cuts in spending need to be paired with the cuts in taxes. Unless your state has a constitutional mandate for a balanced budget they'll just run a deficit.

 

[paulsharvey]

That's fine and I agree, but the cuts in spending need to be paired with the cuts in taxes. Unless your state has a constitutional mandate for a balanced budget they'll just run a deficit.

Florida has to run a balanced budget. (part removed to stay away from politics...)

Also, I try to be honest... I vote with my wallet, meaning, something can seem "right" but if it costs me instead of someone else, im not voting for it. They hold vote on exempting veterans, teachers, and first responders; Nope, I vote against that. So, I understand that commercial owners, investors, folks with a few rental properties, and people that plan to rent long term, probably will vote against this; because I would in their shoes.

 

[WinterDeere]

They hold vote on exempting veterans, teachers, and first responders...

An aside from your point, but it always makes me shake my head, when I see teachers lumped in with groups where they just don't belong... as if teaching 3rd graders how to multiply numbers or diagram a sentence is akin to a deployment in Afghanistan, or pulling people and bodies from raging rivers and burning buildings.

 

[kenmbz]

My town just paid off it's last big debt and we don't have an increase this year for the town portion.
School taxes however will always go up.
And we have some weird occupation tax, which I think is just in place to pay for the tax collectors office to exist, that's about $200 each for wife and I per year.